High-Growth Stocks to Buy #3: Facebook (FB)
Unlike Amazon, Facebook (FB) has actually outperformed nicely in 2014; The stock is up about 8% vs. a flat S&P 500.
Furthermore, the longer-term performance of Facebook is impressive with FB stock up more than 130% in the past 12 months.
Part of that is because Facebook is the dominant Internet property of the age, with over 1.3 billion visitors. But it’s not just reach that has grown — FB recorded $3.7 billion in revenue in fiscal 2011 and is on track to record $11.8 billion in sales this year and $15.6 billion in fiscal 2015.
Think about that. Facebook is pacing 320% growth in five years while the rest of Wall Street is struggling to budge the top line at all!
Profits continue to stack up, too, and FB continues to see improvement in its revenue-per-user metrics as it gets smarter about turning its audience into actual money.
It’s always risky to pile into a stock that has doubled in short order, but Facebook stock actually has cooled off a bit since March; shares have rolled back about 15% from all-time highs.
This might be a good time to consider jumping in if you believe in the long-term prospects of this social media behemoth at or under $60.